In this article, I critique a common claim that instrumental value is a form of extrinsic value. Instead, I offer an alternative dispositional analysis of instrumental value, which holds that instrumental value can, in certain circumstances, be an example of intrinsic value. It follows, then, that a popular account of the nature of final value – or value as an end – is false: the Moorean identification of final value with intrinsic value cannot properly distinguish between value as an end and value as a means